Ireland: Selected Issues

October 17, 2005

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Format: Chicago

Ireland: Selected Issues, (USA: International Monetary Fund, 2005) accessed December 27, 2024

Summary

This Selected Issues paper for Ireland highlights that fiscal consolidation resulted in a tremendous reduction in public debt from nearly 100 percent of GDP in 1991 to about 30 percent in 2004. This has reflected a combination of policy decisions and economic circumstances. Excluding 2001, when the economy has been affected by the global economic slowdown, Ireland has in general consistently enjoyed favorable surprises in its public finances. Indeed, during this period, the actual fiscal outturns have exceeded budget forecasts on average by 0.3 percent of GDP a year.

Subject: Aging, Budget planning and preparation, Income, Labor, Macroeconomic and fiscal forecasts, National accounts, Pensions, Population and demographics, Public financial management (PFM), Unemployment

Keywords: Aging, Australia and New Zealand, Budget planning and preparation, CR, Europe, Global, Growth prospect, Household savings, Incentive account, Income, Ireland, ISCR, Labor market, Macroeconomic and fiscal forecasts, Mean error, Median saving ratio, Rate, Replacement rate, Revenue, Saving rate, Unemployment

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/370
Stock No:

1IRLEA2005002
ISBN:

9781451818826
ISSN:

1934-7685

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